Oct. 1 (Bloomberg) — Japan is set to receive its second spot cargo of liquefied natural gas from Norway via the Northern Sea Route as the world’s largest buyer of the fuel reaches further afield to secure supplies. LNG replaced nuclear energy as Japan’s primary source of power generation after the most of the country’s atomic capacity shut after the March 2011 earthquake. It imported a record 87.3 million metric tons last year and paid 6 trillion yen ($61 billion), double the bill in 2011, according to customs data. ... The ship used the Northern Sea Route to sail to Norway after completing its trials in South Korea last month. The route reduces the sailing time between Europe and Asia and can be used by ships from July to November, when ice is reduced
Posted on: Tue, 01 Oct 2013 14:30:13 +0000
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